THE CLINTON-GORE ECONOMIC RECORD: STRONGEST
GROWTH IN OVER THREE DECADES

July 28, 2000

Today's Economic Data Shows That the Economy Grew
5.2 Percent in the Second Quarter of 2000. This
brings growth for the last year to 6.0 percent
 the strongest growth in over 15 years. Under President Clinton
and Vice President Al Gore, the economy has grown 4.0
percent annually, the strongest growth of any Administration since
Johnson. At the same time, America has created more than 22 million new jobs
since President Clinton came into office and enjoys nearly the lowest
unemployment rate in over 30 years.

STRONG GROWTH WITH VIRTUALLY NONEXISTENT INFLATION

5.2 Percent GDP Growth In the Second Quarter. GDP growth in
the second quarter was 5.2 percent. This brings
the growth rate for the last four quarters to 6.0
percent  the strongest since 1983 when the economy was emerging from a
deep recession.

17.2 Percent Investment Growth in the Last Year  Continuing
the Longest and Strongest Investment Growth On Record. Equipment and
software investment grew 17.2 percent in the last year. This is the seventh
consecutive year of double-digit growth for the first time on record. Since
President Clinton has taken office, equipment and software investment has been
faster  13.3 percent per year  than
any President on record (comparable investment data is available from
1959).

Inflation Over the Last Year Remains Low. In the last year,
the GDP price index rose 2.1 percent at an annual
rate.

PRESIDENT CLINTON'S ECONOMIC GROWTH STRATEGY IS
WORKING

1. Maintaining Fiscal Discipline. In 1992, the budget
deficit was $290 billion  the largest dollar deficit on record. In
2000, the projected budget surplus is $211 billion  the largest
dollar surplus ever. America is on track to pay down over $300 billion of debt
over three years.

2. Investing in the American People. For seven years, the
President has worked to make critical investments in our people that are vital
to a strong economy.

3. Opening Markets Abroad and Leading The Global Economy. The
President has been strongly committed to
expandingforeign markets for American goods.